http://www.reuters.com/article/2011/10/21/kkr-china-debt-unit-idUSL3E7LL16B20111021
Not many companies or people know how to do business in China. It’s a tough place; aside from the cultural issues, the business culture is different. The devil is in the details; then agin you can say that about any country.
The reality is that KKR appears to know how to do business in China.
That all being said, KKR’s plan to expand into China via Hong Kong with a special situations unit is brilliant. Now is the time to strike.
China’s economy is finally slowing down. Like any country having go through this global meltdown there are distressed assets that have value and can be grown. The key to buying a distressed asset is timing. The timing is right for entry now.